Job Description

Provides strategic and operational leadership of the CRC Group’s Corporate Risk Management function. Responsibilities include articulating the role of Risk Management, addressing/monitoring specific risks within the Company’s business activities, identifying and actioning appropriate programs to mitigate against risk, and managing the internal and external resources that administer and support all facets of the Corporate Risk Management function. Effectively oversee the administration of all corporate risk programs consistent with defined enterprise risk appetite, market tolerance, and maintaining competitive excellence vis-à-vis peers. Also responsible for the management of the corporate insurance program for all non-employee benefit coverages.

KEY RESPONSIBILITIES

Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time.

• Design, develop, and implement the organization’s Corporate Risk Management framework and ensure alignment with business objectives and risk appetite.
• Develop and maintain risk management policies, procedures, and methodologies.
• Provide thought leadership for all aspects of CRC Group’s risk management framework, including risk analysis, quantification, and mitigation of insurable and/or operational losses.
• Maintain a comprehensive understanding and assessment of the risk appetite through continuous engagement with Executive Leadership and the Board Risk and Audit Committee.
• Document, act on, and respond to risk escalations and risk acceptance processes arising out of Functions and the Business.
• Collaborate with Internal Audit and Compliance teams to align on risk and risk mitigation activities, ensuring minimization of duplication, coverage of gaps, and alignment of activities based on risk.
• Execute the Enterprise Risk Assessment for the organization to understand current and emerging risk levels. This includes identifying, assessing, and classifying risk, as well and maintaining a risk register for the organization.
• Ensure that the organization complies with risk-related laws, regulations, and standards.
• Periodically communicate to Executive Leadership about coverage gaps in risks, non-insurable or excluded risks, exposures where coverage is unavailable, and emerging risks.
• Stay updated on insurance risk management strategies and trends
• Provide M&A-risk related due diligence, advising on the need for tail coverages or changes needed to acquired entities’ expiring coverage.
• Management of corporate insurance program for all coverages exclusive of employee benefits (i.e. Errors and Omissions, Property and Casualty, Criminal, Fidelity, Cyber, etc).
• Industry and Subject Matter Knowledge: working knowledge of NYDFS, CFIUS, CCPA, PCI, ESG, records management requirements, enterprise change management, issues management, financial crimes, and GRC tools and technologies.

EDUCATION AND EXPERIENCE

The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Degree in insurance or finance-related discipline, or equivalent training and experience required.
• Risk Management Insurance degree or MBA preferred.
• Ten years of experience in the management of corporate administration, risk management, operations or equivalent proficiency

CERTIFICATIONS, LICENSES, REGISTRATIONS

• Professional designations of Chartered Property Casualty Underwriter (CPCU), Accredited Advisor in Insurance (AAI), or Associate in Risk Management (ARM) would be preferred.

FUNCTIONAL SKILLS

• Knowledge of risk management functions.
• Must possess strong organizational, managerial and leadership skills
• Strong corporate perspective and ability to answer questions about the company’s performance, strategies, purpose, and mission.
• Demonstrated proficiency of basic computer applications, such as Microsoft Office products
• Strong interpersonal skills including communication, both verbal and written
• Ability to work under heavy workloads and meet critical deadlines

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